COMMERCIAL.

Taranaki Daily News, 1 August 1921, Page 2

COMMERCIAL.

LONDON WOOL SALES. By Telegraph.—Press Assn.—Copyright. London, July 28. The wool sales have closed firm at the highest of the series. There were catalogued 163,550 bales, and about 15 per cent, were withdrawn. Thanks to keen Continental support, the opening decline on merinos and all good combings has been recorded; broadhaired or sixties closed al about opening rates, faulty and burry pieces were in strong demand at the June parity, fine crossbreds fully recovered the opening decline, medium and lower grades wore in good demand, but did not show material advance, slipe and seoureds sold irregularly, the more attractive parcels being keenly competed for at full opening rates. Lambs, a llimited selection, were eagerly bought and were very firm. Bradford.—Stagnant quotations; merinos nominally easier. N.Z. LOAN AND MERCANTILE REPORT. The New Zealand Loan and Mercantile Agency Company, Ltd., have received the following cablegram from their London house, under date 28th instant: — Wool.—Sales closed, firmer tone. Home trade more active. As compared with- June 18, finest merino per cent., others 16 per cent., fine crossbred 7% per cent., others 15 to 20 per cent, lower. Average, current London values of the undernoted descriptions of New Zealand greasy wool:—Good merino 14*&d, medium 12d, inferior 9%d, fine crossbred 12%d, medium 7d, coarse (40’s) 5*4(1, coarse (86's) sd. LONDON MARKETS. QUOTATIONS ON MEAT. Received July 31, 5.5 p.m. London, July 30. Mutton.—-South American heavy, 4%d; Patagonian light, 6 J Ad. Lamh.—Canterbury light, 13 7-Bd, medium 13 l-Bd, heavy 11 %<!. Australian, none offering. Beef.—Frozen Argentine, hinds B%d; Uruguayan, fores 3%d, hinds 6d; chilled Argentine, fores 4%d, hinds 10%d. Uruguayan, none offering. Cotton.—Liverpool quotation, American Upland August delivery 8.16 d per pound. Jute.—New crop, August-September shipment, £29 10s per ton. Hemp.—New Zealand, dull. July-Septem-ber shipment, £36 10s. Rubber.—Fine hard Para, 11% per pound, plantation, first late crepe 8 C-Bd, smoked ribbed sheet B%d. Copra.—Scarce and in strong demand. JulySeptember shipment, £34 10s per ton. Linseed 0i1.—£39 5s per ton, equal to 3s l%d per gallon. Turpentine.—Bos per cwt., equal to 6s o%d per gallon.—Aus.-N.Z. Cable Assn.

GRAIN AND PRODUCE MARKET. Christchurch, July 29. Business in the hulk of grain and’produce lines is unusually dull. This is more applicable to oats, but nevertheless there is a fairly confident feeling, and prices no retrogression. A grade Gartons are quoted at 2s 9d, and B grade at 2s Bd. Very little is offering, but there Is a general opinion that the maintenance of the best values, is entirely dependent on the export trade. The chaff market is lifeless. Nominal quotations are about “£3 per ton t Potatoes have reached a stage when growers who have not yet dug are considering whether it is worth while to do so. Sales have actually been made at 37s 6d per ton f.o.b, S.I. A good demand exists for red clover, but the Home inquiry has improved prices here to such an extent that business for export has quietened. A few linseed orders serve to bump tnemarket, but when these are met there, is prompt sagging. The market has fluctuated; remarkably during the past two months.

LOAN AND MERCANTILE REPORT. The New Zealand Loan and Mercantile Agency Co. Ltd., have received the following cablegram from their London . office: — "London wool sales closed. Finest Merino 7% per cent., others 10 per cent., fine crossbred 7% per cent., others 13 to 20 per cent., all lower. Frozen Mutton.—s l-8d to B%d per lb. Frozen Lamb.—ls 1 3-8 d per lb. Frozen Beef.—Hindquarters 5 3-8 d per lb, forequarters 3 5-8 d per lb. Market weak. Butter.—No change in market for New Zealand (last quotation July 20, £l2 17s per cwt). Cheese.—No change in market (last quotation July 20, £6 16s per cwt.). Tallow. —Small demand for fine mutton (last quotation July 20, fine mutton £2 Is per cwt., good beef £2 per cwt., mixed £1 14s per cwt.